The Coastal Packet: Organizing a credit union for farmers

Friday, March 17

Organizing a credit union for farmers

Press Herald - A Maine-based project to create a new credit union for farmers and food entrepreneurs has reached an important milestone with the formation of an expert panel that includes one member with a famous grandfather who helped create the modern credit union system. On March 6, Maine Harvest Credit Project hosted its “organizer event,” a critical part of obtaining a charter and achieving recognition as Maine’s 59th credit union. State and federal law requires a new credit union to form a group of organizers to review and adopt its by-laws and appoint the first board of directors

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